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Book IV - Collective investment products
Title II - AIFS
Chapter III - Funds open to professional investors
Section 2 - Declared funds
Sub-section 1 - Professional specialised funds
Paragraph 4 - Specific provisions applicable to professional specialised funds formed from a demerger in order to house assets whose disposal would not be in the best interests of holders of shares or units in the split UCITS or AIF
Article 423-33 from 26/04/2020

Article 423-33 into force since

  • Version into force since
ELI : /en/eli/fr/aai/amf/rg/article/423-33/20200426/notes

The provisions of this paragraph shall apply to professional specialised funds formed in accordance with the second paragraph of Article L. 214-7-4, the second paragraph of Article L. 214-8-7, the second paragraph of Article L. 214-24-33 or the second paragraph of Article L. 214-24-41 of the Monetary and Financial Code, in their wording set out prior to Law n° 2019-486 of 22 May 2019, depending on the case, in order to receive the assets whose disposal would not be in the best interests of the holders.

Subject to the following provisions, the provisions common to all professional specialised funds referred to in this sub-section shall apply to the professional specialised funds created in accordance with to the second paragraph of Article L. 214-24-33 or the second paragraph of Article L. 214-24-41 of the Monetary and Financial Code, in their wording prior to Law n° 2019-486 of 22 May 2019, in order to receive the assets whose disposal would not be in the best interests of the holders of shares or units in the professional specialised funds.